The death in October of Zambian President Michael Sata has brought internal rivalries to a boiling point not only in his ruling Patriotic Front (PF), but also in the main opposition parties. The infighting, which has already seen some political heavyweights switching parties in order to satisfy their ambitions, complicates efforts to predict the outcome of Zambia’s presidential election on Jan. 20. Amid all the mud-slinging and legal challenges, there has so far been little time for policy discussion in Africa’s second-largest copper producer. Instead, voters are witnessing an unedifying spectacle of name-calling, scheming and internecine squabbling. Sata’s long battle […]
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On Dec. 20, Mexico will reach its cutoff for the approval of legislation related to President Enrique Pena Nieto’s sweeping energy reforms. Yet while the focus is on Mexico’s oil and gas sector, this deadline is likely to come and go without any serious debate on the future of renewable energy. With its abundance of wind, solar and geothermal resources, the renewables industry should thrive in Mexico. Indeed, many hoped Pena Nieto’s reforms would catalyze it. Instead, Mexico risks missing an opportunity to make good on its commitment to a clean energy future and to tackling and adapting to climate […]
The dramatic fall in global energy prices over the past several months provides the United States with a window of opportunity to push new solutions to several pressing domestic and foreign policy challenges—if Washington is focused and prepared to act quickly. I proposed one such solution several weeks ago: a reverse-windfall tax to set a “price floor” on domestic energy consumption. Doing so would take advantage of falling prices at the pump to raise funds to sustain the infrastructure that has been constructed over the past decade in the North American nonconventional energy fields, without damaging the U.S. economic recovery. […]
December has been a brutal month for the Russian economy. On Dec. 1, the value of the ruble, already at a historic low, experienced its steepest one-day drop since the 1998 financial crisis. The exchange rate with the dollar remains high, and there are no signs of improvement in a slide that has seen the Russian currency lose over 40 percent of its value since the beginning of the year. On the same day, the Ministry of Economic Development announced that Russia would be in recession through at least 2015; quickly chastised by the Kremlin, the ministry removed the offending […]
For centuries, the trade routes of the Silk Road have evoked spices, empires and deserts. However, if a new strategy planned by the Chinese government proves successful, it may well come to be associated with China’s ascent in world politics. On Nov. 8, during the annual meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Beijing, Chinese President Xi Jinping pledged $40 billion for the creation of a Silk Road Investment Fund to “break the connectivity bottleneck” in Asia. Only five days after the APEC announcement, the China Securities Journal reported that “relevant departments” are trying to establish a private […]
The recent rejection of the Keystone XL pipeline project in November by the United States Senate is only the latest chapter of an ongoing saga reflecting a dramatic shift in Canada’s foreign relations in recent years. The Canadian government has been engaging in an aggressive public relations campaign for its booming oil and gas industry. The strategy includes prominent marketing and behind-the-scenes lobbying in close partnership with oil industry executives. Prime Minister Stephen Harper, first elected in 2006, has long maintained his goal was to make Canada an energy superpower. But he has also changed the country’s role and policies […]
Hassan Rouhani assumed the presidency of Iran last year amid great expectations for reform at home and renewed engagement abroad. From nuclear negotiations to the crises in Iraq and Syria, Rouhani’s term has so far been a mixed bag, offering hope but not yet transformation, as the articles in this report show. Domestic Politics Iran’s Structural Constraints Limit Rouhani’s Domestic AgendaBy Rouzbeh ParsiMarch 6, 2014 Iran’s Rouhani Stokes Domestic Backlash With Attack on CriticsBy Nader HabibiAug. 18, 2014 Dual Powers: Repression and Participation in IranBy Manochehr DorrajFeb. 18, 2014 Out of the Shadows: Iran’s Evolving Approach to Drug AddictionBy Mehrun […]
Last month, Oman’s Sultan Qaboos addressed his nation via a video message from Germany, where he is allegedly receiving treatment for colon cancer. The 76-year-old monarch was going to miss Oman’s national day celebrations on Nov. 18, which is also his birthday, and he wanted to ease the uncertainty at home that has developed as a result of his five-month absence. Qaboos’ ailing health has, however, created a flurry of media coverage on the future of Oman and the leadership transition, while raising important questions about the risks it poses to Oman’s decades-old stability. The sultanate, a high-income and ethnically […]
Last Tuesday, Nigeria’s central bank devalued the country’s currency by 10 percent in an effort to shore up foreign reserves hard-hit by falling oil prices. The move comes months before a presidential election and highlights the country’s vulnerability to the price of oil, which makes up 70-80 percent of the Nigerian government’s revenue. With Brent crude hitting a four-year low of $77.83 per barrel in early November, Nigeria, Africa’s largest oil producer, is feeling the pinch. Government coffers are emptying, and construction companies and other employers have begun to lay off workers. As oil prices could remain low for 2015, […]